From Business Insider:

Questions for students:

1. Before showing the chart, you might ask students what they think are the three largest categories for teen spending?
2. What category has seen the largest increase? the largest decrease?
3. What categories would they consider wants vs. needs? Explain.
4. What do they think might be behind these changes?
5. How would they compare their spending to the typical teen?
6. How do they think teen spending will change over the next 10 years?

About the Author

Tim Ranzetta

Tim's saving habits started at seven when a neighbor with a broken hip gave him a dog walking job. Her recovery, which took almost a year, resulted in Tim getting to know the bank tellers quite well (and accumulating a savings account balance of over $300!). His recent entrepreneurial adventures have included driving a shredding truck, analyzing executive compensation packages for Fortune 500 companies and helping families make better college financing decisions. After volunteering in 2010 to create and teach a personal finance program at Eastside College Prep in East Palo Alto, Tim saw firsthand the impact of an engaging and activity-based curriculum, which inspired him to start a new non-profit, Next Gen Personal Finance.